News
-
Mar- 2016 -2 March
UK shop prices fall for 34th consecutive month
Shop prices fell 2% year-on-year in February, the 34th consecutive decline following January’s 1.8% fall. That’s according to British Retail Consortium (BRC) and Nielsen’s monthly Shop Price Index, which found non-food deflation, which includes jewellery, remained at 3% for the third consecutive month. On a 12-month average basis, the index…
Read More » -
2 March
De Beers says rough diamond demand ‘is improving’
Demand for rough diamonds continues to improve for De Beers as it announces an increase in sales for its second sales cycle of 2016. According to its preliminary report for the second sales cycle of the year, the company sold $610m (£435m) worth of rough diamonds, taking into account global…
Read More » -
1 March
Polished diamond prices remain firm in February
The price of polished diamonds continued to rise in February continuing the uptrend since November, according to new figures. The latest RapNet Diamond Index (RAPI) from the Rapaport Group said the market was supported by continued shortages, while trading slowed during the month as dealers in China and Hong Kong…
Read More » -
1 March
London Diamond Bourse launches new IIDGR window service
The London Diamond Bourse (LDB) today launched a new window service which will enable members diamonds to be sent to the IIDGR Lab in Maidenhead for grading or screening. LDB chief operating officer Victoria McKay said: “Our partnership with IIDGR, part of the De Beers Group of Companies, continues to…
Read More » -
Feb- 2016 -29 February
Beaverbrooks named in Sunday Times ‘100 Best Companies to Work For’
Family-owned Beaverbrooks has been named in the Sunday Times ‘100 Best Companies to Work For’ for the 13th consecutive year. The company has been recognised as the best mid-sized retailer to work for in the UK, ranking 16th in the 250 to 3,000 employee category – up three places from…
Read More » -
29 February
Signet Jewelers announces strong fourth quarter
Signet Jewelers, one of the world’s largest retailer of diamond jewellery, has reported a strong fourth quarter in its latest preliminary trading update. In the 13 weeks ending 30 January 2016, the company reported same store sales increased by 4.9% compared with the same period a year earlier with diluted…
Read More » -
29 February
Angola’s largest diamond sold for £11.5m
Lucapa Diamond Company has sold the record-breaking 404.2-carat diamond, which it recovered earlier this month in Angola, for $16m (£11.5m). The selling price of $39,580 (£28,574) per carat is a record price for a white diamond recovered at the Lulo mine, with the company saying it is “further evidence of…
Read More » -
29 February
NAJ announces unification in two national papers
The National Association of Jewellers (NAJ) had announced its unification in two national newspapers in a bid to help raise consumer awareness. To start making the wider public aware of the unification, which saw the British Jewellers’ Association and the National Association of Goldsmiths combine, a notice has been placed…
Read More » -
26 February
Tunbridge Wells historic jewellers to close its doors
Historic jewellery store in Tunbridge Wells, Payne & Son, is set to close after becoming a ‘victim to the rise in online shopping’. The store, which originally started as Payne & Son (Silversmiths) in Kent in 1790 and then opened an outlet in the town 146 years ago, is being…
Read More » -
25 February
Rapaport launches Investment Diamond Grading Report
The Rapaport Group has announced the launch of a new diamond grading report – the Rapaport Investment Diamond Report (IDR). The new report conservatively grades diamonds based on Gemological Institute of America (GIA) standards. It will also provide additional gemological information including tint, location and colour of inclusions as well…
Read More »
